GOP Presidential Nomination Race (2011-12): How viable is Ron Paul's proposal to slash $1 trillion from the budget, eliminate five federal bureaucracies, rein in the federal reserve, end nation building, pay down the debt and cut taxes?
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Answer:
Focus on how he plans to cut $1 trillion from the budget because that plan relates to all the other issues you listed. Paul has released by far the most detailed plan of any GOP candidate. He actually details each line of his proposed budget here: http://www.ronpaul2012.com/the-issues/ron-paul-plan-to-restore-america/. Viability depends on who controls congress and the support of the American people. As Paul says, we give too much credit or blame to our presidents.
Harry Raymond at Quora Visit the source
Other answers
Politically, it's an open question. Elections decide that. Economically, said that you determine a government's drain on the economy by looking at spending and not taxes. Friedman liked both at a minimum. Keynesians will tell you that 's proposal would make the economy weaker. To get a better answer, you'll have to explain what you mean by "viable."
Mark Hofer
Quick perusal suggests that it will do what it says it will do, and thus is viable.
Erik Fair
If a plan cannot pass in Congress, it's not viable -- regardless of the business and/or academic merits of the plan.
Jim Kenyon
As a few internet commentators have pointed out, cutting 1 trillion out of the budget would take us back to the "austere" days of... wait for it... 2007.
Peter Klein
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